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On March 11, 1997, the Board of County Commissioners adoptetTresolution #97-16, which <br />approved the county's revised 3 year plan for FY 97-98, FY 98-99, and FY 99-2000. The Florida <br />Housing Finance Corporation then approved the county's revised plan on April 21, 1997, and <br />authorized -the disbursement of SHIP funds until June, 2000. The plan, however, can be amended <br />as needed Since 1997, the plan has been revised several times to modify some of the local housing <br />assistance program requirements or to enact some minor clean up changes to the plan. The last set <br />of revisions to the plan was done in September 1998. The county's new 3 year plan for FY 2000- <br />2001, FY 2001-2002, and FY 2002-2003 is due to the FHFC by May 1, 2000. <br />ANALYSIS <br />To meet the May 1, 2010 submittal requirement, county staff has prepared a revised Local Housing <br />Assistance Plan. A copy of that plan is on file in the Board of County Commissioners Office. <br />Since its initial adoption in 1993, the county's Local Housing Assistance Plan has been successful <br />in providing assistance to the eligible households. The following table indicates the SHIP allocations <br />and number of loans given to eligible applicants by fiscal year and by income category. <br />SHIP PROGRAM REPORT <br />FY <br />MOUNT OF <br />HIP FUNDING <br />state funding <br />dye <br /># OF LOANS <br />APPROVED <br /># AND % OF LOANS APPROVED <br />BY INCOME CATEGORY <br />VLI % I % <br />No % <br />2-93 <br />250,000.00 <br />1 <br />13 1.7117 1.66 <br />11 6.83 <br />3-94 <br />250,000.00 <br />7 <br />12 2.4318 8.65 <br />18.92 <br />4-95 <br />250,000.00 <br />0 <br />11 6.6713 3.33 <br />0.00 <br />5.96 <br />565,773.00 <br />8 <br />19 32.76h5 0.34 <br />6.90 <br />6-97 <br />632,136.00 <br />4 <br />5 47.3034 5.95 <br />6.76 <br />7-98 <br />622,455.00 <br />5 <br />2 33.8536 5.38 <br />10.77 <br />-99 <br />903,723.00 <br />3 35.9437 7.81 <br />6.25 <br />-2000 YTD <br />750,775.00 <br />3 <br />12 2.17 4.78 <br />13.04 <br />OTAL <br />,224,862.00 <br />92 <br />147 7.50198 kO.51 <br />7 11.99 <br />Rev: 71008 <br />VU: Very Low Income <br />LI: Low Income <br />MI: Moderate Income <br />The new plan basically will be a continuation of the county's existing plan with only minor changes. <br />As proposed, the new plan encompasses updated income information and projected expenditures <br />for the new fiscal years. While no new assistance strategies are proposed, one plan revision will <br />expand the impact fee loan strategy to cover moderate income households. The existing plan <br />provides impact fee loans only to very low and low income households. No other substantive <br />changes are proposed. <br />DECEMBER 14, 1999 <br />L- <br />• <br />-17- 1 <br />BOOK III PAGE50, <br />